MGX’s Fund I surpasses its goal, becoming one of the largest AI-focused investment vehicles globally with broad international backing.
Abu Dhabi-based investment firm MGX closed its inaugural fund at $49 billion, exceeding its $45 billion target. The fund attracted capital from backers across the Gulf, North America, Asia, and Europe, positioning MGX as a major player in AI investment worldwide.
Fund I focuses on the full AI technology stack, including semiconductors, infrastructure, and enabling platforms. Since its launch, the fund has invested in 14 companies, deploying capital ahead of its official close. MGX is chaired by Sheikh Tahnoon bin Zayed Al Nahyan and was founded in 2024 with Mubadala Investment Company and G42 as anchor backers.
Recent investments include Anthropic’s $65 billion Series H round, OpenAI’s $300 billion valuation funding, and xAI. MGX also participated in a $40 billion acquisition of Aligned Data Centres in October 2025, marking one of the largest private equity deals to date.